
Emirates Central Cooling Systems Corporation PJSC
Pressreleases, Reports and Disclosures for Emirates Central Cooling Systems Corporation PJSC
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, is expanding its cooling infrastructure in Dubai to strengthen the city's position as a leader in advanced district cooling. This expansion supports energy efficiency and reduces strain on electricity networks amid Dubai's rapid urban growth. Empower operates over 430 kilometers of underground pipelines and 90 district cooling plants in Dubai. The company emphasizes the global importance of district cooling in addressing energy demand and climate challenges, such as extreme heat and urban heat islands, which impact public health and quality of life. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to sustainable development and its role in supporting Dubai's energy efficiency goals. Empower has grown from an initial capacity of 5,400 refrigeration tons in 2004 to a current capacity of 1.7 million refrigeration tons, continuing to expand its capacity and services across the city.
Emirates Central Cooling Systems Corporation PJSC, known as Empower, reported significant financial growth for the first quarter of 2026. The company achieved a 44% year-over-year increase in net profit, amounting to AED 208 million, and total revenue of AED 631 million, which is a 16.8% increase compared to the same period in 2025. Empower's CEO, H.E. Ahmad Bin Shafar, attributed this performance to the company's strong business model, increased capacity, reduced operational costs, and strategic expansion efforts. The company aims to align with Dubai's vision for sustainable urban development by enhancing operational efficiency and investing in innovation. Over the twelve-month period from April 2025 to March 2026, Empower's consolidated revenue was AED 3.51 billion, reflecting a 7.6% growth, and EBITDA was AED 1.71 billion, marking an 11.7% increase. Additionally, Empower's Annual General Meeting approved a proposal for cash dividend distribution.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, highlighted its dedication to employee safety as a key element of sustainable performance on the World Day for Safety and Health at Work. In 2025, Empower conducted 1,857 field inspections to ensure compliance with health, safety, and environmental standards. The company also completed over 7.52 million work hours in its operations and held 1,449 occupational health and safety training sessions, enhancing staff preparedness and awareness. Empower's commitment to safety is reflected in its Quality, Health, Safety, and Environment (QHSE) framework and its re-certification for ISO 45001:2018. CEO H.E. Ahmad Bin Shafar emphasized that a safe work environment is crucial for sustained performance and operational efficiency.
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has opened a new Customer Happiness Centre at its headquarters in Al Jadaf, Dubai. This initiative is part of Empower's strategy to improve customer service and accessibility, aligning with Dubai's urban growth. The centre aims to enhance customer experience by providing direct support for those needing in-person interaction or facing challenges with digital platforms. Empower serves over 156,000 customers in Dubai, managing nearly one million transactions annually through various channels. The new centre offers a blend of digital convenience and direct support, catering to diverse customer needs. CEO Ahmad bin Shafar inaugurated the centre, emphasizing its role in delivering high-quality, efficient services.
Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, reported strong performance in 2025 and continued growth into early 2026. ELIPS, a leading manufacturer of insulated pipe systems, played a key role in infrastructure projects across the UAE and regional markets, enhancing its production efficiency and meeting increasing demand for sustainable solutions. In 2025, ELIPS added over 30 new projects to its portfolio, bringing the total to 282, and delivered more than 950 kilometers of piping systems. The company expanded its client base to over 340 customers, with approximately 40 new clients added in 2025. ELIPS maintains a strong presence in the UAE, Qatar, Kuwait, Oman, Bahrain, and Egypt, reinforcing its position as a trusted provider of infrastructure solutions and a strategic partner in urban development projects.
Emirates Central Cooling Systems Corporation PJSC (Empower) has signed an agreement with Meraas to supply over 17,500 refrigeration tonnes to City Walk Phase 3 and Verve building in Dubai. This move is part of Empower's expansion to meet the increasing demand for energy-efficient district cooling services, aligning with Dubai's sustainable urban development goals. Empower, the largest provider of district cooling services globally, aims to enhance operational efficiency and environmental sustainability. The company has recently increased its cooling capacity to around 1.7 million refrigeration tonnes, serving nearly 1,750 buildings, with a contracted capacity of approximately 2.0 million refrigeration tonnes. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to supporting Dubai's rapid development and sustainability objectives, contributing to the UAE's green economy and net-zero goals. The City Walk Phase 3 project adds to Empower's portfolio of significant developments in Dubai, reflecting its role as a leader in the district cooling sector.
Empower, the world's largest district cooling services provider, reported record revenues of AED 3.42 billion and a net profit of AED 1.004 billion for 2025. At its Annual General Meeting, with an 85% quorum, Empower approved a cash dividend of AED 437.5 million for the second half of 2025, reflecting 43.75% of its paid-up capital. The meeting, chaired by HE Saeed Mohammed Al Tayer and attended by CEO Ahmad Bin Shafar, also ratified the company's financial statements. Empower, listed on the Dubai Financial Market, achieved its highest revenue since listing, with EBITDA reaching AED 1.65 billion. In 2025, it distributed AED 875 million in dividends in two installments. Saeed Mohammed Al Tayer highlighted the company's consistent profitability and operational efficiency, while Ahmad Bin Shafar noted Dubai's construction boom as a driver for investment opportunities.